Digital Realty Trust, Inc. (NYSE:DLR) Stock Has Average Price Target of $219.69

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have earned a consensus rating of “Moderate Buy” from the thirty-three research firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, twenty-six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $219.69.

Several brokerages recently issued reports on DLR. Wells Fargo & Company raised Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Evercore reissued an “outperform” rating and issued a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. Mizuho set a $223.00 price objective on Digital Realty Trust in a research note on Monday, August 10th. Finally, KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director owned 6,322 shares of the company’s stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

Institutional Trading of Digital Realty Trust

Hedge funds have recently made changes to their positions in the stock. Alpine Bank Wealth Management grew its holdings in shares of Digital Realty Trust by 225.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 1,106 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 766 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Digital Realty Trust in the third quarter worth $257,000. Forum Financial Management LP raised its holdings in shares of Digital Realty Trust by 789.0% during the third quarter. Forum Financial Management LP now owns 17,531 shares of the real estate investment trust’s stock worth $3,077,000 after acquiring an additional 15,559 shares in the last quarter. Weitzel Financial Services Inc. purchased a new stake in shares of Digital Realty Trust during the third quarter worth $223,000. Finally, Vontobel Holding Ltd. boosted its position in Digital Realty Trust by 1,255.1% during the third quarter. Vontobel Holding Ltd. now owns 230,431 shares of the real estate investment trust’s stock valued at $40,448,000 after purchasing an additional 213,426 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $176.08 on Wednesday. Digital Realty Trust has a 12 month low of $146.23 and a 12 month high of $208.14. The stock’s 50-day moving average is $185.05 and its 200-day moving average is $187.15. The company has a market cap of $65.33 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 3.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities analysts anticipate that Digital Realty Trust will post 8.40 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.